Statement re. Press Comment

ITM Power PLC
26 April 2006


For immediate release, 26 April 2006


                                 ITM Power Plc


                            ('ITM' or 'the Company')


                     Media Comment and Share Price Movement



The Board of ITM notes the recent press speculation regarding the Company and
the movement in the Company's share price. The Board confirms that it is in
discussions to undertake a fund raising to assist the organic development of the
business. A further announcement will be made in due course.



Gemma Chandler        Tim Linacre              Simon Hudson/ Clemmie Carr
ITM Power Plc         Panmure Gordon           Tavistock Communications
Tel: [phone]    Tel: [phone]       Tel: [phone]
Mob: [phone]






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